they had a housing bubble that's built on energy and commodity exporting. if we get $60 oil, some of the canadian banks and stocks aren't going to do that well. ewc is the etf and that's what rhyme short. >> let's do some fast or fiction here. there's a share buy-back in morgan stanley's fear future. the company is considering one for the first time since the financial crisis. james gorman saying just last month it would be a good idea to return capital to what he calls long suffering shareholders. 19 big banks have until january 7th to submit their share reper chase plans as part of the stress test process. so, fast or fiction, morgan stanley will do a byuy-back. and the follow-up, who is going to be next? 19 banks that are going to ask, come january, and so, which ones should we look to? >> well, i think you listen to mr. gorman, he sees the stock trading at .58 times price to book and this is a place where this is significant value for a company that is struggling with its old business model. so, this makes sense. i would call it possible fast. >> okay.